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Operations Notes – Time-Based Competition

Refers to cycle time (sometimes synonymous with throughput time), waiting time, run time, rush order throughput time, throughput/lead time

Also referred to as:

Time is becoming more important because:

Competing on time requires a thorough understanding of the value addition process and a desire to change
Target is a moving target and the advantages are difficult to sustain

Companies become time-based competitors by:
1st fixing manufacturing techniques
2nd fixing sales & distribution (takes as much or more time than manufacturing)
3rd adjusting approach to innovation

Managers should:

Elements of time-based competition:

Time-based mfg differs from traditional mfg by: